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AMATA VN Public Company Limited
Welcome to Opportunity Day
Financial Results
for the period ended December 31, 2017
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This document was prepared by Amata VN Public Company Limited in good faith upon sources believed to be reliable but no representation or warranty expressed or implied is made to their accuracy or correctness. Amata VN Public Company Limited accepts no liability for any direct or consequential loss or damage arising from any use of this document or its contents.
All information and opinion expressed here is subject to change without notice. The copyright belongs to Amata VN Public Company Limited. No part of this document may be published or copied in any form or by any means without the written permission of Amata VN Public Company Limited.
Disclaimer
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Amata VN Overview
FY-2017 Financial Results
Going Forward Appendix
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2017
2016
2015
2012
2011
2010
• Established Amata Vietnam Joint Stock Company • Received investment certificate to develop leasable area of 100 ha
• Invested in Amata Power (Bien Hoa) Ltd
• Received additional investment certificate for industrial area of 261.98 ha • Received investment certificate for Amata Commercial Complex with total area of 19.07 ha
• Received additional investment certificate for industrial area of 132.7 ha
• Received First class Industrial Park Award from Dong Nai Industrial Zone Labor Union• Received Award for Excellent Enterprise in Dong Nai from People’s Committee of
Dong Nai Province2008
2007
1996
1994
• Received additional investment certificate for industrial area of 18.33 ha
• Established Amata VN PCL• Received Golden Dragon Award : Best Services for Industrial Zones from
Vietnam Economic Times (for 5 consecutive years from 2007 to 2012)
• Increase shareholding in Amata Vietnam Joint Stock Company through acquiring from Sonadezi• Established Amata City Long Thanh Joint Stock Company• Listed Amata VN PCL in Stock Exchange of Thailand (SET)• Received Investment certificate for Hi-tech industrial area of 410 ha
• Received Investment certificate for Service City Long Thanh area of 107 ha
• Received Investment certificate for Township Long Thanh area of 753 ha
Key Milestones
• Amata Township Long Thanh increased capital to USD 15.0 million, mainly for land acquisition
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Amata Corporation
Amata Township
Long Thanh JSC
100%
Amata City
Long Thanh JSC
93.5%
Amata City
Bien Hoa JSC
90%
Amata City
Halong JSC
100%
Amata City Bien Hoa
Hi-Tech
Industrial Park Long Thanh
Service
TownshipLong Thanh
Township Long Thanh
Amata
Industrial Park Halong
*To be established
Shareholding Structure
73.2%
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Project Overview
Project Location Area No. of Factories
No. of Employee
Customer by Industry
Amata City Bien Hoa
Bien Hoa City, Dong Nai Province
700 ha 154 44,000 38% Machinery, Steel,Metal, Plastic, Rubber
15% Textile, Garment12% Chemical paints
9% Electronics
Project in Progress
Current Project
Project Location Area Highlights
Amata City Long Thanh
Long Thanh City, Dong Nai Province
1,270 ha ▪ On New HCMC – Long Thanh - Dau-Giay Expressway: 6-lane expressway opened in February 2015
▪ Highway No.51, linking to Cai Mep Port and Vung Tau Port
Amata City Halong
Halong City, Quang Ninh Province
Expected 5,789 ha
▪ On new Highway No. 5 connecting Hanoi, Haiphong and Halong
▪ Near the new Lach Huyen Deep Sea Port▪ Proximity to China Border
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Amata VN Overview
FY-2017 Financial Results
Going Forward Appendix
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Total Revenue (THB mn)
Revenue Breakdown by Business Type [2013 –2017]
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Overall
+ 30.6%
Unit : M. THB
Analysis of Change on Revenue
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FY-2016 FY-2017
*Land Sales : Recurring59% : 41%
*Land Sales : Recurring43% : 57%
*Note: Proportion of Land Sales and Recurring Income is excluding other incomes.
Revenue Breakdown
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Real Estate Sales
Land Sales: Revenue & Growth (%) Pre-Land Sale and Land Transfer
Note: 1 Hectare = 6.25 Rai
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International standard level of telecommunication Reserved water tanks total capacity of 31,000m3
Waste water treatment plant of 12,000m3/dayHigh quality stable power supply with 2 independent
sources (national grid and Amata Power Bien hoa
Note:
Utility Services includes water supply and treatment and management of common areas of
Industrial estates, garbage / solid waste fee and other utility maintenance services
Utility Services
Utility Services: Revenue & Growth (%)
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Note: Ready Built FactorySize range from 1,000 – 5,000 m2
(total area of aprx.130,000 m2)
Rental: Ready Built Factory and Commercial Rental
Rental: Revenue & Growth (%)
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Operating Results Summary
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Operating Results – Revenue and Gross Margin
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Operating Results – Revenue and Gross Margin
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FY-2016 FY-2017 Evolution(Million Baht) (Million Baht) %
Revenue 896 1,171 +30.6%
Operating profit reported 185 548 +195.9%
Financial Expense 33 10
Income Tax Expense 91 116
Net Profit 62 422
Net Profit (after deduct MI) 50 369 +641.5%
Net Profit (after deduct MI) in % 5.6% 31.5% +26.0 pts
Note: In 2Q17, THB 15 million additional land rental was recognized from 4 out of 9 land rental contracts with government resulting from announcement of new regulation.
Financial Performance
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Current Ratio Debt-to-Equity
Note: Interest bearing debt to equity : 0.8x
Return on Equity Return on Assets
Unit: Million Baht
Balance Sheet
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Cash Flow Statement
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Beyond-target Land sales FY2017 at 22 Ha
Strong Presales in 2017 resulting in 17 ha backlog to 2018
Strong results in 2017; revenue and net profit growth of net profit over 31% and 642%, respectively
Momentum expected to carry over to 2018
Recap
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Amata VN Overview
FY-2017 Financial Results
Going Forward
Appendix
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→ Amata City Bien Hoa Project
• Process of getting license for expansion phase has begun, expected to get Investment Certificate (IC) in mid 2018
→ Amata City Long Thanh Project
• Amata City Long Thanh project on schedule for presales in 2018
→ Amata City Halong Project
• Pushing for first phase IC
Project Update
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Strong FDI Momentum
“The World Bank estimated that Vietnam’s economy would expand at an average of 6.3% in the next 3 years through strong export-oriented manufacturing, buoyant domestic demand, and high FDI”
Total registered foreign direct investment (FDI)
for 2017 was USD 35.9 billion
Manufacturing-processing industry remained the top sector
accounting for 44.2% of the total registered FDI
FDI in Vietnam surged 44% in 2017…
Top 3 countries investing in Vietnam in 2017
1) Japan: USD 9.11 billion, making up 25% of the FDI
2) South Korea: USD 8.49 billion or 24% of the FDI
3) Singapore: USD 5.3 billion or 15% of the FDI
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5 Years Ambition of Amata VN
Creating Sustainable Portfolio Footprint in
“VIETNAM”
1. Securing Land Rights on 80 km2 in Vietnam
AMATA CITY AREA (KM2)
Bien Hoa 7.0
Long Thanh 12.7
Halong 58.0
2. Building Stable Revenue
LAND
600 haYear 2022
Cumulated lease land,
300 ha, 2017
2 times
• Organic growth of 35% from land sales
• New business introduction
3. Embedding Sustainable Development
• Apply Sustainable Development Concept
• Upgrade IP Status toward Eco/Green City
• Sustainability Development Competencies for our Employees
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Highlight for Amata VN in 2018
• Amata City Bien Hoa to maintain strong performance
• Amata City Long Thanh opening to be upside
• Expanding north to Amata City Halong, the future of Amata VN
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Amata VN Overview
FY-2017 Financial Results
Going Forward Appendix
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Customer Profile
By NationalityBy Industry
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Amata City (Bien Hoa) is located in a key strategic location in the southern economic hub and with access to various transportation networks and access to labor resource in Bien Hoa City
Grantor Dong Nai Industrial Zone Authority (DIZA)
Total Granted Area 700 hectares or 4,375 rais
Current Approved Area 513 hectares or 3,206 rais
Location ▪ Located in Bien Hoa City, Dong Nai Province▪ Next to the crossroad of Highway No. 1 and Highway
No. 15▪ Highway No. 1 : the main north to south route
connecting various big cities including Hanoi, Ho Chi Minh, and Bien Hoa
▪ Highway No. 15 : connects to Highway No.51, linking Amata City (Bien Hoa) to Cai Mep Port and Vung Tau Port
Land Description
Highway No. 1
0 km 33 km30 km 50 km35 km5 km
Cat Lai Port Tan Son Nhat AirportHo Chi Minh City
1 2 3 5 6 7
20 km
Long Thanh Airport (Developing)
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Distance
1
Bien Hoa City
2
3
45
6
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Strategic Location - Amata City Bien Hoa
Cai Mep Port
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Amata City Long Thanh (project in progress) is strategically located on the new Dau-Giay Expressway and upcoming Long Thanh International Airport connecting to HCMC
Grantor Dong Nai Industrial Zone Authority (DIZA)
Total Granted Area 1,270 hectares or 7,940 rais
Current Approved Area 1,218 hectares or 7,615 rais
Location ▪ Located in Long Thanh City, Dong Nai Province▪ On New HCMC – Long Thanh - Dau-Giay Expressway:
6-lane expressway opened in February 2015▪ Highway No.51, linking to Cai Mep Port and Vung Tau
Port
Highlight ▪ Granted Investment certificate for High Tech Industrial Park 410 ha in June 2015
▪ Granted Investment certificate for Service City Township 55.4 ha in March 2016
▪ Granted Investment certificate for Township 753 ha in July 2016
Land Description
Distance
1
234
5
6
7
Bien Hoa City
25 km 30 km0 km 20 km 55 km40 km10 km
Long Thanh Airport (Developing)
Dau-Giay Expressway
Cat Lai Port Cai Mep PortHo Chi Minh City
1 2 3 4 6 7
ACLT
Amata City Bien Hoa
20 km 27 km
Tan Son Nhat Airport
5
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Strategic Location - Amata City Long Thanh
Vung Tau Port
8
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HIGHTECH PARK
410 ha
N7 ROAD
10.5 ha
Amata Township Long Thanh
• Mega Township (753 ha) Urban Development
Amata City Long Thanh
• High-tech Industrial Park (410 ha)• Service Township (107 ha)
Industrial Park Urban Development
753 ha
410 ha
LONG THANH – DAU GIAY HIGHWAY
107 ha 107 ha
Strategic Location - Amata City Long Thanh
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Amata City Halong (project in progress) is strategically located on the new Haiphong - Halong Expressway and upcoming the new Lach Huyen Deep Sea Port
Grantor Quang Ninh Economic Zone Authority (QEZA)
Total Area Expected 5,789 hectares or 36,000 rais
Current Application Submitted Area
709 hectares or approximately 4,430 rais
Location ▪ Located in Quang Ninh Province▪ On new Highway No. 5 connecting Hanoi, Haiphong
and Halong▪ Near the new Lach Huyen Deep Sea Port▪ Proximity to China Border
Land Description
Distance
ACH 190 km95 km 117 km30 km
Lach Huyen Deep Sea Port
Van Don Airport China BorderHanoi
72 3 4 6
Cat Bi International Airport
30 km 134 km
Noi Bai Airport
5
0 km
Expressway Halong-Haiphong
1
1
2
3
45
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Strategic Location - Amata City Halong
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March, 2018
Nattorn KijsamrejVice President
Finance & Accounting
Tel: +66-2-792-0000 ext. 190
Yanisa Dechapahul
Investor Relations Section Manager
Tel: +66-2-792-0000 ext. 224
Contact